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There really is no reason to overcomplicate the relatively simple. The European Union and the Organisation for Economic Co-operation and Development — highlighted in Will Mc Callum’s recent article entitled “Proposed new tax rules likely to hit Bermu...

New global rules that would force many Bermudian-based multinational companies to pay more tax have a good chance of becoming reality, despite the challenges of the required international consensus, says one of the island’s leading corporate tax expe...

International discussions aimed at overhauling the international corporate tax system will take place this week. On the agenda on October 8 and 9 is a two-pillar plan developed by Organisation for Economic Cooperation and Development, aimed primarily...

The One Bermuda Alliance claimed tax increases under the Progressive Labour Party have left Bermudians with less cash in their pockets. But the PLP defended its tax policies, which it argued aimed to address inequality and gave breaks to small busine...

Do you recall who said that death and taxes are the only two certainties in life? I didn’t. But “Professor Google” set me straight — it was Benjamin Franklin. Writing a letter about the United States Constitution in 1789, he said: “Our new Constituti...

Dominic Raab, the British Foreign Secretary, has welcomed Bermuda’s commitment to make its companies beneficial ownership register public as a step to improve global transparency. In an update to the British Parliament yesterday, Mr Raab said the isl...

Bob Richards believes Bermuda did not have to bow to international pressure and commit to making its companies beneficial ownership register public. However, the former finance minister understands why the Government has decided to do it. Mr Richards...

Bermuda’s companies beneficial ownership register is to go public. Financial regulator the Bermuda Monetary Authority has kept records of the owners of companies for about 70 years. The information is available to tax and law enforcement authorities ...

This article was written in a Bermuda bedroom. It will be proofread in Paget, spellchecked in Sandys, and posted online from Pembroke. Home working has changed the way we work, and it is now changing how we pay our taxes. For those of us based on isl...

Struggling bars and restaurants will be able to apply for payroll tax relief, the Minister of Finance announced yesterday. Curtis Dickinson said that for the quarter scheduled to end tomorrow, payroll tax would be rated zero for the employer and empl...

Temporary tax and fee breaks have been rolled out by the Bermuda Government for businesses in need of financial relief. The Ministry of Finance announced this afternoon that payroll taxes for January to March, due on April 15, should be filed as norm...

Government is to review how the sugar tax was implemented over concerns that retailers had spread the impact of the tax across other items. Curtis Dickinson, the Minister of Finance, told the House of Assembly: “We need to have a look at this again. ...